Peer-to-peer lending, sometimes abbreviated P2P lending, is the practice of lending money to individuals or businesses through online services that match
Stocks and Shares
All savings interest will be paid gross, ie, there'll be no tax taken off. This works for ALL interest - not just savings accounts, but bank accounts, credit unions & peer-to-peer savings. Basic 20% rate taxpayers can earn £1,000/yr interest tax-free. Higher 40% rate taxpayers can earn £500/yr interest tax-free.